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Jan 19, 2013
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expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made about what to spend on, what to tax and so on are difficult and contentious decisions and will take some time to address. >> those issues, of cour
expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been...
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Jan 19, 2013
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>> i think if they want to go with a clean debt ceiling race, he has to mike a final resolution. the public, not the republicans, the public wants spending cuts. he needs to go along with sequestration and find ways to cut government, shows that republicans are doing anything. boehner is a survivor, not really a leader. >> we'll have more after this break on the two presidents. what are the president's biggest challenges he faces going into this second term? stay with us. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. ya. alright, another one just like that. right in the old bucket. g
>> i think if they want to go with a clean debt ceiling race, he has to mike a final resolution. the public, not the republicans, the public wants spending cuts. he needs to go along with sequestration and find ways to cut government, shows that republicans are doing anything. boehner is a survivor, not really a leader. >> we'll have more after this break on the two presidents. what are the president's biggest challenges he faces going into this second term? stay with us. at 1:45,...
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Jan 16, 2013
01/13
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ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to find unity. that is the ultimate object tiff for the retreat. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new troubles for boeing's airliners. troubles grounding all the 787s in japan's after one of the jets was forced to make a emergency landing today. dan springer is in seattle with the details on what happened. none of these planes have crashed, no serious injuries but still a big problem for boeing, huh? >> reporter: that's right. for more perspective, jon, worldwide there are six 787s flying. four of them left to the u.s. or coming to the u.s.. this is not a worldwide panic. this latest incident happened in western japan
ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to find unity. that is the ultimate object tiff for the retreat. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new...
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Jan 15, 2013
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ceiling in his mind. if he doesn't create spending or a spending cut, what happens? we've come to a stand still? >> look, the first move, the house republicans, the house has to move first, and i think we've got to show the country we're serious about curbing back spending and we've got to send that over to the senate and the senate has to act. remember, it's more than three or four years now since the senate has actually passed a budget. not only do we have problems getting a budget out of the white house, but the democrats are producing-- >> you're working this out for me. you send it over to the senate, what happens. >> the classic let's not wait till the deadline. the senate has to act. if week show in the house we're acting responsibly, curbing back spending and putting ourselves on a trajectory and cutting the deficit and over the course of time balancing the budget we'll be the responsible party. >> greta: the president says he's not going to do that. >> the president says i'll be irrelevant. >> gr
ceiling in his mind. if he doesn't create spending or a spending cut, what happens? we've come to a stand still? >> look, the first move, the house republicans, the house has to move first, and i think we've got to show the country we're serious about curbing back spending and we've got to send that over to the senate and the senate has to act. remember, it's more than three or four years now since the senate has actually passed a budget. not only do we have problems getting a budget out...
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Jan 17, 2013
01/13
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there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spend
there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going...
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Jan 19, 2013
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ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path an
ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill...
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Jan 16, 2013
01/13
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you and i are of the view we shouldn't have gotten into this because the debt ceiling should be part of the prior deals. >> as it was in every previous administration. >> right. >> as we know. eliot, good to visit with you this morning. talk to you again soon. >> have a good one >> bill: eliott spitzer, former governor of new york. former co- -- or host here on current tv. good friend, political commentate commentate, writes for slight, follow on twitter @eliotspitzer. [ music ] destined to take them over. ♪ ♪ the sirius xm satellite radio in the 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. @Ñhd with the explosive yet reflective, jerry springer and we'll find out which one of these camera guys is a secret baby daddy. >> only on current tv. [ music ] >> this is "the bill press show." >> all right. in the next hour, evan mcmorrison turo from talking points memo in studio as a friend of bill and we'll be joined by congress woman january shakowski from illinois, talking about the government shutdown and
you and i are of the view we shouldn't have gotten into this because the debt ceiling should be part of the prior deals. >> as it was in every previous administration. >> right. >> as we know. eliot, good to visit with you this morning. talk to you again soon. >> have a good one >> bill: eliott spitzer, former governor of new york. former co- -- or host here on current tv. good friend, political commentate commentate, writes for slight, follow on twitter...
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Jan 17, 2013
01/13
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adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceilinfrom years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and no
adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans...
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Jan 18, 2013
01/13
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with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public psyche in a way i have never seen before. the image of first graders, not only shot, but riddled w
with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score,...
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Jan 15, 2013
01/13
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at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting discussion or at least a lot less leverage. >> bill: the other big topic, the only other topic actually raised at the news conference yesterday other than whether or not you elect a party, president likes to have a party. was the issue of guns where the president was not specific because he hasn't seen -- or wasn't ready to list all of the recommendations that may have come out of the biden task force. but the president did express and repeat his resolve to do something about this issue of gun violence. no doubt about that, was there? >> no. while he put off getting into the details a little bit, he
at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting...
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Jan 15, 2013
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understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an environment where the business
understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded?...
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Jan 14, 2013
01/13
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so they are putting it right back on congress, you've got to deal with this debt ceiling issue and they think they can win that argument. obviously we're going to hear questions about guns. we flknow that the president's people say he is committed to the assault weapons ban, magazine ban on the magazines and also to background checks, whether or not those and other issues can get through, they don't think that there's much he can do by executive action. >> andrea mitchell, see you at 1:00. thanks for joining me. >> thanks, thomas. >>> want to take you back now to the white house. peter alexander is standing by now. now we're getting word the press conference has been pushed back to 11:40. just to give people behind the curtains look here. 11:15 and then 11:30 and now 11:40. i'm saying hi noon. >> high noon sounds good in is often the way this plays out. this morning it came as a surprise to most of the in the white house press corp. was was taking place tonight. he hadn't been given a head unthere would be a news conference with the today until just this morning. really there hasn't bee
so they are putting it right back on congress, you've got to deal with this debt ceiling issue and they think they can win that argument. obviously we're going to hear questions about guns. we flknow that the president's people say he is committed to the assault weapons ban, magazine ban on the magazines and also to background checks, whether or not those and other issues can get through, they don't think that there's much he can do by executive action. >> andrea mitchell, see you at...
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Jan 19, 2013
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take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to increase the debt ceiling is unnecessary. it has served the purpose. back in 1939 that was enacted into law to try to create some flexibility so that the nation could obtain more favorable financing so we go from time to time, and you make increases in the debt ceiling to accommodate the need to borrow money to pay for the spending that you've already authorized, but now that is being used as a political weapon. one of my colleagues said that they've weaponized the statute, and using it for politics and it is hurting our fiscal situation. it's hurting our economy and we simply do not need to allow one side to use it to extract spending cuts. o
take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to increase the debt ceiling is...
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Jan 15, 2013
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on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you characterize it. he seemed to fill in the blank " >> i would say congeal. meaning that he tried to portray himself as reasonable and said that there was now negotiating and the debt ceiling, lesley because he is in a strong position politically in that the most would agree that the republicans are showing no signs of real life. lou: do you agree? >> i think the republicans rolled over and play dead. at this point in time they will draw a line in the sand. no believe they should shut government down, but i think this is a position where they need to make their case known. the president said over and ov
on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you...
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Jan 16, 2013
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with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot basically be moved for what we need to do. and so that will leave us adequate time to tackle the longerrer-range problems -- the longer-range problems. we're not going to accomplish tax reform in the next six weeks. but we need to, essentially, deal with the sequester, essentially find a balanced approach that's going to raise a trillion dollars or close to it. and so that's why i have some optimism, because we need to face up to the next six weeks, resolve it and then move on. >> rick?
with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next...
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Jan 18, 2013
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ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the economy, if he wants to get more robust economic growth, does he not want to be more proactive about dealing with some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does h
ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in...
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Jan 16, 2013
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the president simply will not offer any compromise on federal spending that might get a debt deal done. on guns as we just heard, is he threatening executive orders. so i think the president simply wants to damage the republicans rather than solve complicated problems, at least at this juncture. joining us from washington with his take fox news political analyst charles krauthammer. i see it as a chess game. rather than both parties working together to get some gun legislation that might help folks control criminals in that area and rather than getting the debt ceiling done with some, you know, meaningful cuts in spending, the president says, you know, i'm not even going to bother. i want to alienate the republicans so that people will be angry with them. am i wrong? he has been doing that since elections day, i wrote a column ever since september pointing out entire strategy for the fiscal cliff was to split the republicans. it had nothing to do his offers had nothing to do with solving the fiscal issue or solving the debt. he showed nothing to solve the debt since he was elected in 2
the president simply will not offer any compromise on federal spending that might get a debt deal done. on guns as we just heard, is he threatening executive orders. so i think the president simply wants to damage the republicans rather than solve complicated problems, at least at this juncture. joining us from washington with his take fox news political analyst charles krauthammer. i see it as a chess game. rather than both parties working together to get some gun legislation that might help...
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Jan 21, 2013
01/13
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he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden. this is the joe biden that those of us who have covered him for quite some time know pretty well. i mean, it's unvarnished. this is not his parade but he's kind of turning it into his parade. i think he knows, wolf, that this could be his last parade unless he does run again. he wouldn't commit to me one way or another. i think he's surely thinking about it. we were talking here about how fit joe biden is. for a man his age. when i was -- i interviewed him in the old executive office building on friday. look at him run. and that's how he walks down the hall at the ol
he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden....
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Jan 18, 2013
01/13
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might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the heavy side today. if you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. as for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global economy. >> you get this, this real tight hugging of the flat line friday. monday, tuesday, wednesday and then again today.
might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the...
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Jan 16, 2013
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with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we need to do in the next six weeks. so that would leave adequate time to tackle the longer-range problems. we will not publish tax reform in the next six weeks, but we need to essentially deal with the sequester. since we find a balanced approach that is going to raise the trillion dollar surplus to it. that is why i have some optimism. because we need to face up to the next six weeks and solve it and then move on. >> [inaudible question] i'd like to ask you about one of the big things involving entitlement reform. how big of a package would you need to see in terms of republicans for
with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically...
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Jan 18, 2013
01/13
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president obama says he's willing to debate spending cuts, but that the debt ceiling should not be a link to a budget battle. >> verizon says it has made significant progress in dealing with issues stemming from last summer's deadly derecho. this comes after the virginia state corporation commission said 911 outages were caused by the company's failure to perform necessary maintenance. the panel also said verizon failed to monitor and respond to the outages which disrupted 911 service to nearly 2 million people in northern virginia. what a mess that was. nice to sea there getting on top of it. >> for the next big snowstorm. >> we did not need to worry about that so much yesterday. >> we were not calling to rub it in. >> i would rather take about the sunny skies you are predicting now. >> it was not a major storm. everything stays to our south and east. you have to be prepared this time of year for anything. here's a look at the satellite and radar picture. look at that swirl on the bottom of the animation. that shows the tract of the low. this was in its early stages. look at how it
president obama says he's willing to debate spending cuts, but that the debt ceiling should not be a link to a budget battle. >> verizon says it has made significant progress in dealing with issues stemming from last summer's deadly derecho. this comes after the virginia state corporation commission said 911 outages were caused by the company's failure to perform necessary maintenance. the panel also said verizon failed to monitor and respond to the outages which disrupted 911 service to...
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Jan 16, 2013
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the fiscal cliff and sandy relief votes do provide a template for how, by the way, the debt ceiling might ultimately get raised. on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this lead
the fiscal cliff and sandy relief votes do provide a template for how, by the way, the debt ceiling might ultimately get raised. on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their...
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Jan 15, 2013
01/13
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supposed to do and needs to do and authorize an increase in the debt ceiling soon compare our debts and bills . that is the right way to do it. and the i think that is what will eventually happen, but i don't think that going off in another direction would really be all that talk -- all that helpful. >> hello, chairman bernanke. i am a second year in pp at the force cool and studying for a graduate certificate in science and technology. second question from the audience, does the debt ceiling of a practical purpose? could it be eliminated without much consequence? >> does what have? >> the debt ceiling. >> it does not really have. it has symbolic value i guess, but no other country, i believe, maybe one or two other, but no other countries in the world have this particular institution . to so everyone understands what is, the congress appropriates $100, tells the government to spend $100 on whenever and then it raises $80 in revenue through its tax code. now, the arithmetic here sort of says, you have to borrow $20. shephard -- the congress has to give a third rule. if the congress is a
supposed to do and needs to do and authorize an increase in the debt ceiling soon compare our debts and bills . that is the right way to do it. and the i think that is what will eventually happen, but i don't think that going off in another direction would really be all that talk -- all that helpful. >> hello, chairman bernanke. i am a second year in pp at the force cool and studying for a graduate certificate in science and technology. second question from the audience, does the debt...
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Jan 18, 2013
01/13
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with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score i might add ale in a credible threat of gratitude to many of you at the table as well as those of you in the room. i know we don't have unanimity and this ballroom, nor do we have any ballroom, but we all know, it wanted knowledges we have to do some gain. we have to act and i hope we all agree there's a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in your newton cannot be tolerated. that tragedy in public life has affected the public safety in a way that i've never seen before. the image of first graders,
with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score...
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Jan 21, 2013
01/13
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FOXNEWS
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 19, 2013
01/13
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FOXNEWS
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maybe a bit of an olive branch saying three month extension in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the question we asked. is government spending being managed carefully or out of control? not surprisingly now 83% of you say that it is out of control verses just 11% who say it's managed carefully and those numbers have become more extreme in the past two and three years. >> here is another big question we asked you fox news poll should the debt limit be raised again? of course it's been raised every year. the majority of you said only after major cuts are put in place. 69%. yes, it would be reckless not to raise the debt ceiling. >> which of course is president obama's position, 23% one there because he says
maybe a bit of an olive branch saying three month extension in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the...
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Jan 15, 2013
01/13
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what we deal with is -- technically, we should have passed the debt ceiling at the beginning of the year but we were able to extend the period and the treasury says -- at least by march, sometime in march, they will need authority from congress to borrow more money. >> how are republicans in congress reacting to the comments? >> republicasns in the house side are just getting into town and they will disappear for their political retreat. senate republicans are not scheduled to be in this week. i know from following twitter and following the reaction from speaker boehner and mitch mcconnell they didn't agree with his comments and expect to pass legislation on the hosuuse side and passing legislation for the debut ceiling and the spending issue, as they see it. >> is any of this complimented by tim geithner being eager to exit his post. >> this is about the president and what he wants. jack lewis is a former office of managment and budget director and he knows these issues. and they've been through this before in summer 2011. i don't think geithner's exit effects it either way. >> david tr
what we deal with is -- technically, we should have passed the debt ceiling at the beginning of the year but we were able to extend the period and the treasury says -- at least by march, sometime in march, they will need authority from congress to borrow more money. >> how are republicans in congress reacting to the comments? >> republicasns in the house side are just getting into town and they will disappear for their political retreat. senate republicans are not scheduled to be in...
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Jan 16, 2013
01/13
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so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems
so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,...
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Jan 18, 2013
01/13
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with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. unanimitydon't have in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public psyche in a way i have never seen before. the image of first graders, not only shot, but riddled with b
with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that...
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Jan 16, 2013
01/13
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gohmert: so we had a debt ceiling bill that was undermined from the beginning, no deal was reached, sequestration, massive cuts to our national security, our national defense. would be inflicted. and massive cuts to medicare. our leaders responded to me that , gee, the democrats will never allow the cuts to medicare, the sequestration to medicare, $300 billion or so, they'll never allow that. that's why we know the supercommittee will reach an agreement. i advised them that that would not happen. there would be no agreement. of course they're willing to have $300 billion or so cut to medicare because obamacare cut $00 billion from medicare, from our seniors' care, without a single republican vote. so the only way the democrats could run a commercial last year, 2012 with any sincerity at all saying, gee, republicans are cutting medicare, would be if they prevent republicans from reaching agreement with the president, democrats, and then they'll run in in commercials in 2012 and blame republicans and say, see, they didn't reach an agreement. they wanted to cut seniors and help their rich friends. a
gohmert: so we had a debt ceiling bill that was undermined from the beginning, no deal was reached, sequestration, massive cuts to our national security, our national defense. would be inflicted. and massive cuts to medicare. our leaders responded to me that , gee, the democrats will never allow the cuts to medicare, the sequestration to medicare, $300 billion or so, they'll never allow that. that's why we know the supercommittee will reach an agreement. i advised them that that would not...
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Jan 18, 2013
01/13
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with the debt screaming and the -- ceiling and the sequesters. house republicans concerned if they do anything about tax reform. they may leave it open to the senate and not taking action and taken the vote for no reason. are you optimistic? >> first of all, i have -- we have to reself the debt crisis in terms of sequestration. and in term of the full, faith, and credit in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot be basically moved for what we need to do in the next six weeks. that will leave us adequate time to tackling the longer range problems. we're not going tackle tax reform in the next six weeks. we need to essentially deal with the sequestration, specially find a balanced approach that is going to raise a trillion dollars or close to. so that's why i have some optimism because we need to face up to the next six weeks, resolve it, and -- [inaudible] >> rick. [inaudible] by conflict -- i want to ask you about one of the big things the intiement element refo
with the debt screaming and the -- ceiling and the sequesters. house republicans concerned if they do anything about tax reform. they may leave it open to the senate and not taking action and taken the vote for no reason. are you optimistic? >> first of all, i have -- we have to reself the debt crisis in terms of sequestration. and in term of the full, faith, and credit in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i...
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Jan 21, 2013
01/13
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 19, 2013
01/13
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with regard to the debt ceiling, here we go again. the republican party, if it goes along with this deal in my opinion ought to change its name to the caveman party and boehner and mcconnell would be the cavemen in chief, because every time we come to this debt ceiling what do the republicans do? they give in. and every amount of money that this country spends is showing it's unsustainable. we've got to reform them and get our budget in order and we've got to get our spending under control. host: lori who is one of the 65 people on facebook who has commented on this this morning says that this makes the seventh debt ceiling plays the obama's term while the democratically-controlled senate hasn't passed a budget. it seems silly -- logical to me at but he'll -- by the way, it gives an advertisement to our plans for inauguration weekend. all-day coverage. you can tune in on sunday and monday for activities monday all day starting at 7:00 a.m. and sunday for the official swearing in at the white house. again, if you want more information
with regard to the debt ceiling, here we go again. the republican party, if it goes along with this deal in my opinion ought to change its name to the caveman party and boehner and mcconnell would be the cavemen in chief, because every time we come to this debt ceiling what do the republicans do? they give in. and every amount of money that this country spends is showing it's unsustainable. we've got to reform them and get our budget in order and we've got to get our spending under control....
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Jan 20, 2013
01/13
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he still faces an unresolved fiscal situation and looks like republicans may be extending the debt ceiling by a few months but he still has major budget cuts to deal with this spring. do you see his relationship with republicans improving at all as they try to fix this crisis? >> it is going to be a real confrontation. the republicans did blink. that's exactly right, bianna, and said they don't want this confrontation over the debt limit, that does supposed to hit february and they are going to extend it, as he said, probably in april. the president will sign that which gives them a space to try to come up again with some kind of big budget deal before those across-the-board budget cuts hit in march, and the government is set to shut down at the end of march. there is no question that these big fiscal issues, taxes and spending are going to define the first quarter of the president's second term. >> george, talk about this term, the second term curse. we -- reagan had iran-contra. nixon, of course, had watergate. clinton had monica lewinsky. why is it that second terms tend to go sour? >>
he still faces an unresolved fiscal situation and looks like republicans may be extending the debt ceiling by a few months but he still has major budget cuts to deal with this spring. do you see his relationship with republicans improving at all as they try to fix this crisis? >> it is going to be a real confrontation. the republicans did blink. that's exactly right, bianna, and said they don't want this confrontation over the debt limit, that does supposed to hit february and they are...
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Jan 17, 2013
01/13
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LINKTV
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was in january until we get to march, when we get to the debt ceiling conversation, when these entitlement cuts are on the table. i've said many times that budgets are moral documents. budgets are moral documents. when we get to this kind of debate in march about the entitlement cuts, then we're going to see how good this deal in january allegedly was. but something is wrong economic policy has you teetering on cliffs and bumping up against ceilings. that is no way to run the country or prioritize poverty. the bottom line is, president obama should do, number one, a o major public policy address on the eradication of poverty. he starts out as the committee organizer, speaks eloquently about dr. king, has a bust of dr. king in the white house oval office, will be inaugurated on king's holiday. what are we going to do about pushing our president to give a major public policy address on the eradication of poverty? no. 2, then to call and convened a white house conference on the eradication of poverty by bringing the experts together, creed and national plan that can cut poverty in half in 10
was in january until we get to march, when we get to the debt ceiling conversation, when these entitlement cuts are on the table. i've said many times that budgets are moral documents. budgets are moral documents. when we get to this kind of debate in march about the entitlement cuts, then we're going to see how good this deal in january allegedly was. but something is wrong economic policy has you teetering on cliffs and bumping up against ceilings. that is no way to run the country or...
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Jan 18, 2013
01/13
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CURRENT
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with the debt ceiling. congressional republicans that is. and here in washington everybody gearing up for the big inauguration. meanwhile, very striking cbs/"new york times" poll out this morning revealing that the american people are overwhelmingly behind the common sense new measures to reduce gun violence unveiled this week by president obama and vice president biden, 92% of americans saying they support a universal background check. 63% support a ban on high-capacity magazines. 53% supporting a ban renewing of the ban on assault weapons. the american people are ready for action. on another front, two high-profile celebrities proving that they are nothing but big, fat liars today. lance armstrong lying about the tour de france and manti te'o lying about his girlfriend. all of that coming up right here on current tv. right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help
with the debt ceiling. congressional republicans that is. and here in washington everybody gearing up for the big inauguration. meanwhile, very striking cbs/"new york times" poll out this morning revealing that the american people are overwhelmingly behind the common sense new measures to reduce gun violence unveiled this week by president obama and vice president biden, 92% of americans saying they support a universal background check. 63% support a ban on high-capacity magazines....
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Jan 20, 2013
01/13
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on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of them, but the republicans have some caveats to that and want to make sure that the senate democrats pass a budget. something they haven't done in the last four years and put some heat on the democrats right there. even as both sides are talking about coming together on some of this, there's going to be an edge to it as well. let's not forget the president is still dealing with high unemployment. and wants to focus on gun control, immigration reform and get those done in the second term and still got things left over from the first term. stubbornly high unemployment said he's going to cut the budget def
on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of...